Credit
-
News
Private sector credit dropped 0.7 percent in January 2024
KAMPALA, March 19, 2024 – The stock of outstanding private sector credit in Uganda reduced by 0.7 percent to Shs 21.54 trillion in January 2024, from Shs 21.70trn in December,2023, mainly explained…
Read More » -
Cooperatives & Communities
Diocese of Lango Clergy SACCO in need of tractor
Lira City, February 23, 2024 – The Diocese of Lango Clergy SACCO has appealed to government to support them with a tractor, saying it would help members to engage in commercial farming.…
Read More » -
Cooperatives & Communities
Over 350 farmer cooperatives supported to boost value addition
JINJA, February 12, 2024 – The Ministry of Agriculture, Animal Industry and Fisheries [MAAF] has so far supported 358 farmer cooperatives/ organisations across the country to construct storage facilities and install value…
Read More » -
Cooperatives & Communities
Kasese health workers form SACCO for financial empowerment
KASESE, November 7, 2023 – Health workers in Kasese district have formed a Savings and Credit Cooperative Organisation [SACCO], saying it will empower them financially. The members said their new SACCO which…
Read More » -
Cooperatives & Communities
TZ SACCOs urged to join national union
MWANZA, October 2, 2023 – Mwanza Regional Administrative Secretary, Elikana Balandya has called on Savings and Credit Cooperative Organisations [SACCOs] to join the Union of Savings and Credit Cooperative Societies in Tanzania…
Read More » -
National
Banking sector remains resilient despite weak economic growth
KAMPALA, October 17, 2023 – The Ugandan banking sector remained resilient despite weak economic growth prospects, heightened inflation, and elevated geopolitical tensions, says the Bank of Uganda [BoU] in its Annual Report…
Read More » -
Cooperatives & Communities
CUA to create awareness on financial empowerment
ACCRA, October 16, 2023 – The Ghana Cooperative Credit Unions Association [ CUA ] says it will use its 55th anniversary celebration to showcase how it is empowering citizens to gain financial…
Read More » -
Cooperatives & Communities
Netherlands: Past, present and future of Rabobank, a cooperative
AMSTERDAM – Rabobank emerged from small credit unions founded by farmers and horticulturists starting at the end of the 19th century in the Netherlands. The common thread since its inception is to…
Read More » -
Cooperatives & Communities
Lango cultural leader urges women to embrace PDM
KWANIA – The Prime Minister of Lango Cultural Foundation [LCF], Eng. James Robert Ajal has tasked leaders in Lango Sub-region to mobilise women to embrace the Parish Development Model [PDM] to fight…
Read More » -
International
Canadian credit unions are number one choice for small businesses, global conference hears
VANCOUVER – Credit unions’ cooperative principles and values-based services are what has set Canadian credit unions apart from other financial institutions, the leader of the Canadian Credit Union Association [CCUA] recently told attendees at…
Read More »